Our Board of Directors is our highest governance body. It establishes our company’s vision, mission, values and strategic direction, as well as monitors the implementation of the corporate strategy and the overall corporate performance of the company to ensure transparency, accountability, integrity and fairness, and to protect the long-term interests of our stakeholders. The Board, through its various committees, also oversees and conducts a review of our overall risk management systems, and our material controls, covering operational, financial and compliance areas; and overall risk management systems. Finally, they approve corporate operation and capital budgets, major acquisition and disposal of assets, major investments, and changes in authority and approval limits. In 2017, our mission, vision, and values were reviewed together with our business strategies to stay relevant to the growing needs of our stakeholders.

 

The thrust for a CG proactive business culture emanates from the top. The Board, as part of its functions and responsibilities, leads, develops and reviews Globe’s strategic direction and business strategies regularly. Our Board created various committees to support Board functions and serve as venues to discuss business strategies and Globe’s strategic direction, among other business matters, in relation to the specific responsibilities of each committee. The Board, in its decision-making function, is also encouraged to decide with integrity, accountability and on behalf of the good interest of the organization and all its stakeholders. Management is entrusted with implementation and close monitoring of Board-approved business strategies, and is likewise tasked to conduct the Company’s business with the highest CG standards and conduct.

 

View the Charter of the Board of Directors

 

BOARD COMPOSITION

 

Eleven board members are elected by our shareholders during our Annual Stockholders’ Meeting (ASM) and hold office for the ensuing year until the next ASM. The President and CEO is elected as the sole executive director while the other members as non-executive directors (NEDs) who are not involved in the day-to-day management of business. Among the board members are three independent NEDs, one of whom is the lead independent director (ID). Our lead independent director is the Chairman of the Audit and Related Party Transactions Committee, and to avoid conflict of interest and in accordance with our MCG, our lead ID is not the Chairman of any other committee. Our IDs, as defined in our MCG, are independent of the Company, from Management and major/substantial shareholders and are free from any business or relationship that could materially interfere in their exercise of independent judgment in carrying out their responsibilities as directors.

Jaime Augusto Zobel de Ayala
Chairman, Non-executive Director

 

  • Globe Director since March 1989 and re-elected on April 17, 2018
  • Globe Board Committee membership:
  • - Executive Committee (Chairman)

  • Number of directorships in other publicly-listed companies: 5

Fernando Zobel de Ayala
Co Vice-Chairman, Non-executive Director

 

  • Globe Director since October 1995 and re-elected on April 17, 2018
  • Globe Board Committee memberships:
  • - Compensation and Remuneration Committee

    - Finance Committee

  • Number of directorships in other publicly-listed companies: 6

Lang Tao Yih, Arthur
Co Vice-Chairman, Non-executive Director

 

  • Globe Director since April 18, 2017 and re-elected on April 17, 2018
  • Globe Board Committee memberships:
  • - Executive Committee

    - Compensation and Remuneration Committee

  • Number of directorships in other publicly-listed companies: 2

Ernest L. Cu
Executive Director, President and CEO

 

  • Globe Director since April 2009 and re-elected on April 17, 2018
  • Globe Board Committee membership:
  • - Executive Committee

  • Number of directorships in other publicly-listed companies: none

Romeo L. Bernardo
Non-executive Director

 

  • Globe Telecom Director since September 2001 and re-elected on April 17, 2018
  • Globe Board Committee memberships:
  • - Audit and Related Party Transactions Committee

    - Finance Committee

  • Number of directorships in other publicly-listed companies: 4

Delfin L. Lazaro
Non-executive Director

 

  • Globe Director since January 1997 and last re-elected on April 17, 2018
  • Globe Board Committee membership:
  • - Finance Committee

  • Number of directorships in other publicly-listed companies: 4

Samba Natarajan
Non-executive Director

 

  • Globe Director since April 7, 2015 and re-elected on April 17, 2018
  • Globe Board Committee memberships:
  • - Executive Committee

    - Finance Committee

  • Number of directorships in other publicly-listed companies: none

Jose Teodoro K. Limcaoco
Non-executive Director

 

  • Globe Director since April 13, 2016 and re-elected on April 17, 2018
  • Globe Board Committee membership:
  • - Executive Committee

  • Number of directorships in other publicly-listed companies: 2

Rex Ma. A. Mendoza
Non-executive and Lead Independent Director

 

  • Globe Director since April 8, 2014 and re-elected on April 17, 2018
  • Globe Board Committee memberships:
  • - Nomination and Governance Committee (Chairman)

    - Compensation and Remuneration Committee (Chairman)

    - Audit and Related Party Transactions Committee

  • Number of directorships in other publicly-listed companies: 1

Saw Phaik Hwa
Non-executive and Independent Director

 

  • Globe Director since April 7, 2015 and re-elected on April 17, 2018
  • Globe Board Committee memberships:
  • - Nomination and Governance Committee

    - Compensation and Remuneration Committee

    - Audit and Related Party Transactions Committee

  • Number of directorships in other publicly-listed companies: 1

Cirilo P. Noel
Non-executive and Independent Director

 

  • First elected as Globe Director on April 17, 2018
  • Globe Board Committee memberships:
  • - Nomination and Governance Committee

    - Compensation and Remuneration Committee 

    - Audit and Related Party Transactions Committee (Chairman)

  • Number of directorships in other publicly-listed companies: 3
CERTIFICATION OF QUALIFICATION OF INDEPENDENT DIRECTORS (IDs)
2018 2017 2016 2015

Board of Directors

  • Jaime Augusto Zobel de Ayala

    CHAIRMAN

  • Fernando Zobel de Ayala

    CO-VICE CHAIRMAN

  • Lang Tao Yih, Arthur

    CO-VICE CHAIRMAN

  • Ernest L. Cu

    DIRECTOR, PRESIDENT AND CEO

  • Delfin L. Lazaro

    DIRECTOR

  • Samba Natarajan

    DIRECTOR

  • Romeo L. Bernardo

    DIRECTOR

  • Jose Teodoro K. Limcaoco

    DIRECTOR

  • Rex Ma. A. Mendoza

    LEAD INDEPENDENT DIRECTOR

  • Cirilo P. Noel

    INDEPENDENT DIRECTOR

  • Saw Phaik Hwa

    INDEPENDENT DIRECTOR